Former Chilean President Michelle Bachelet announced she is withdrawing her candidacy to become the next UN secretary-general, ending a bid that had struggled to gain traction after finishing second to last in a recent straw poll of the Security Council.
Chilean crypto exchange Orionx, backed by Tether, is permanently closing after a forensic audit uncovered more than $7 million in customer assets moved to wallets outside the exchange's control. The company announced it is beginning a permanent shutdown process.
Orionx, one of Chile's largest cryptocurrency exchanges, has permanently halted operations and suspended customer withdrawals after a forensic audit uncovered over $7 million in customer assets that were transferred to external wallets. The exchange has accused individuals of unauthorized transfers, while Chile's financial regulator states it lacks authority to oversee the closure or order customer repayments.
Chile's Congress has approved a sweeping economic reform package championed by President José Antonio Kast, featuring corporate tax cuts and investment incentives designed to revive growth in the world's largest copper producer. The Senate passed the final article with a 27-22 vote, marking a major legislative victory for Kast's flagship economic initiative.
President Lee Jae-myung is scheduled to begin an 11-day tour on July 24, visiting San Francisco, Brazil, Chile, Argentina, and Germany. In San Francisco, he will hold separate meetings with Nvidia CEO Jensen Huang, OpenAI CEO Sam Altman, Anthropic CEO Dario Amodei, and Broadcom CEO Hock Tan and attend an AI summit. He will then hold summit talks in Brazil, Chile, and Argentina before stopping in Frankfurt to meet members of the Korean community and returning on August 3.
